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HedleyN
HedleyN Posts: 3 Newbie
Fifth Anniversary
in Credit file & ratings
Happy New Year! I lost my job and defaulted with EE in '12. Can I get a mortgage? I am thinking of getting a credit card to rebuild my credit rating. Is there any point with the default? Other info : default was settled.

Comments

  • Superscrooge
    Superscrooge Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The fact that your default has been settled is better than if hadn't. But it is still a default which will be visible on your credit history.

    I suggest trying the eligibility checker to see whether there are any credit cards you are likely to be accepted for.

    https://www.moneysavingexpert.com/eligibility/credit-cards/

    Having a default on your file doesn't mean that you have 0% chance of a mortgage but it will certainly reduce your chances.

    I would leave applying for a mortgage until you have improved your credit history
  • David_White
    David_White Posts: 892 Forumite
    Fourth Anniversary 500 Posts Combo Breaker
    I disagree with the above.

    If that is the only credit issue you have there would most certainly be mortgage lenders available to you.
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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